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20121219
20121219
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CNBC 1
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KCSMMHZ
Dec 19, 2012 6:00am PST
such as china help keep labor costs low but demands for better treatment is rising and singaporians are struggling to agree on a response. nhk world's mark ho has this report. >> reporter: 171 chinese bus drivers wept on strike last month. they were unhappy over a disparity in pay rise compared to other workers. the walkout was the first in 26 years in singapore which has soviet rules against industrial action. >> translator: i hope the company will grant our request. if they don't, we will have to consider taking further steps. >> reporter: the government's response was swift and strong. 29 chinese strikers were deported. five leading members were arrested. one received a six-week prison sentence. the rare instance of labor and rest grabbed public attention. >> the whole thing that's happening with the chinese, it is kind of like, you know, freak thing that happened. >> reporter: singapore's 5.3 million residents, low-wage foreign workers account for one in six people. workers from china have been favored for their low-wage demands. they also share cultural heritage with singaporia
CNBC
Dec 19, 2012 6:00am EST
tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swis
MSNBC
Dec 19, 2012 3:00am PST
are pretty similar. we face the same issues with a competitive ship to economic power to china and the like. we have to educate our children better. we're doing the things. i think the issues we take on entitlement reform and education reform, these are the things that the u.s. congress and administration have to tackle in the next year on or so. >> what about europe? will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our budget policies, we don't have to do all the things they need to do to make their currency work. by the way, alexander hamilton taught us all you need to do to make single currency work a couple years ago. >> here's a point of view from the upcoming issue of the new york magazi
Search Results 0 to 2 of about 3